(sorry for some good news. this is from the asnd thread).
Investor's Business Daily, Dec 15, 1997
Technology Value Gets Caught in Sell-Off
but Managers Holding on, saying many picks are oversold
What do managers do when the market is killing their favourite stocks? In the case of Kevin Landis and Ken Kam, they start two new funds: Technology Leaders and Medical Specialists.
The Flagship Technology Value Fund wowed the fund world with 60% gains in 95 and '96.
Those performances helped the fund attain an IBD grade of A+ for its 36-month return of 216%, the highest of all funds.
But the funds holdings have been decimated by two waves of tech sell offs. One in October and the other last week. The funds fell more than 8% last week and is off 24% from its 97 high reached Aug 5.
Among this fund's big holdings are chip-gear firms Cymer and Integrated Process Equipment.
Top holdings of the 40-stock fund on Nov. 30 were Altera at 10% of assets. Integrated, Medtronic, Technology Modelling, Cisco, PMC-Sierra, Anadigics, Ascend Communications 3%, Texas Instruments and Immunex. |
